Biggest gains are if you do it out of your IRAs.

Hey Tim, If you are not using Hospitable yet that would be my first addition.

Are you looking to do additional projects like this in other cities/states?

I landed on the numbers I did because that makes it cash flow nicely for the buyer in addition to meeting my goals. 

After some additional research we have decided to focus on the aforementioned markets, but I will keep you in mind if we decide to look at Columbus more closely in the future. 

This initial negative equity position consumes the initial cash flow.  2) the addition of the adu makes the property multi family and likely makes rent control apply.  

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

I'm not satisfied with not filing the rental in an LLC simply because it's more simple and might cost me an additional filing fee .

Would be great to reconfigure the lot lines on the two additional parcels so they'd both meet the minimum to build.

Do they value nicer finishes and design or is that additional cost lost on the typical tenant in that pocket?